Temasek and GIC – Much better investors than Singaporeans?

From Temasekreview.com: A common line of thought which often accompanies the defense of Singapore’s SWFs (Temasek Holdings and GIC Singapore) is that they are better investors than the common folk, that if we left Singaporeans to manage their own savings they’ll turn in meagre returns or worse huge losses due to impulsive investments.
This strain of thought is clearly prevalent in the thinking of Singapore’s founding father, Lee Kuan Yew (Chairman of GIC), who has been quoted repeatedly throughout the years as denigrating the common man and promoting elitists such as himself and other scholars who are co-opted into government……………………………………….Full Article: Source